Victoria's Secret (VSCO) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.64. This compares to loss of $0.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.88%. A quarter ago, it was expected that this retailer of lingerie, pajamas and beauty products would post earnings of $0.38 per share when it actually produced earnings of $0.40, delivering a surprise of 5.26%.Over t ...

Financial Performance - Net sales for Q3 2024 reached $1.347 billion, a 7% increase from $1.265 billion in Q3 2023, exceeding previous guidance of low-single digit growth [4] - The company reported a net loss of $56 million, or $0.71 per share, an improvement from a net loss of $71 million, or $0.92 per share in Q3 2023 [5] - Adjusted net loss for Q3 2024 was $39 million, or $0.50 per diluted share, better than the expected range of $0.60 to $0.80 per share [6] - Full year 2024 net sales are now forecasted to increase approximately 1% to 2%, up from prior guidance of a 1% decline [7] - Q4 2024 net sales are expected to increase approximately 2% to 4% compared to Q4 2023, with adjusted operating income projected between $240 million to $270 million [8] - Net sales for 2024 reached $4,124,059, a slight increase of 0.6% compared to $4,099,338 in 2023 [19] - Gross profit for 2024 was $1,470,968, up from $1,416,343 in 2023, reflecting a growth of 3.8% [19] - Operating income for 2024 was $41,916, a significant improvement from an operating loss of $12,800 in 2023 [19] - Net loss attributable to Victoria's Secret & Co. for 2024 was $28,067, compared to a net loss of $71,887 in 2023, indicating a reduction of 61.0% [19] - Net loss per diluted share attributable to Victoria's Secret & Co. improved to $(0.36) in 2024 from $(0.93) in 2023 [19] - Adjusted net loss attributable to Victoria's Secret & Co. was $(39,468) for 2024, compared to $(66,260) in 2023 [20] Sales and Store Performance - International sales grew over 20% in Q3 2024, contributing to overall sales strength across all regions and channels [3] - Comparable sales for Q3 2024 increased by 3%, a significant improvement from a 7% decline in Q3 2023 [17] - The company opened 67 new stores and closed 57, resulting in a total of 1,380 stores as of November 2, 2024 [17] Operational Metrics - Adjusted operating income for fiscal year 2024 is now expected to be in the range of $315 million to $345 million, up from prior guidance of $275 million to $300 million [7] - The company recognized restructuring charges of $12.5 million in Q3 2024 related to executive leadership changes [25] - Weighted average shares outstanding increased to 78,718 in Q3 2024 from 77,369 in Q3 2023 [18] - The company reported a gross profit margin of approximately 35.7% in 2024, up from 34.6% in 2023 [19] - Interest expense decreased to $65,531 in 2024 from $72,777 in 2023, reflecting a reduction of 10.0% [19] Outlook and Market Sentiment - The company is optimistic about continued momentum into the holiday season, driven by strong product acceptance and enhanced customer engagement [3]

Q3 Sales and operating results better than guidance Q3 Sales increase of 7% represents sequential improvement for the fifth consecutive quarter Raises full year 2024 outlook and provides fourth quarter guidance REYNOLDSBURG, Ohio, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Victoria’s Secret & Co. (“Victoria’s Secret” or the “Company”) (NYSE: VSCO) today reported financial results for the third quarter ended November 2, 2024. Chief Executive Officer Hillary Super commented, “I am very encouraged by the strength of ou ...

In its upcoming report, Victoria's Secret (VSCO) is predicted by Wall Street analysts to post quarterly loss of $0.64 per share, reflecting an increase of 25.6% compared to the same period last year. Revenues are forecasted to be $1.29 billion, representing a year-over-year increase of 1.9%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections durin ...

Victoria's Secret & Co. (VSCO) is slated to release third-quarter 2024 results on Dec. 5, after the closing bell.In the last reported quarter, the company’s earnings beat the Zacks Consensus Estimate by 5.3%. VSCO surpassed earnings estimates in three of the trailing four quarters and missed once, the average beat being 2.9%, as shown in the chart below. Image Source: Zacks Investment Research Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.VSCO’s Q3 Estimate RevisionsThe Zacks Cons ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Victoria's Secret (VSCO) . This company, which is in the Zacks Leisure and Recreation Products industry, shows potential for another earnings beat.When looking at the last two reports, this retailer of lingerie, pajamas and beauty products has recorded a strong streak of surpassing earnings estimates. The company has topped es ...

REYNOLDSBURG, Ohio, Nov. 13, 2024 (GLOBE NEWSWIRE) -- In conjunction with the Victoria’s Secret & Co. (NYSE: VSCO) third quarter 2024 earnings release, which will cross the wire after market close on Thursday, December 5th, you are invited to listen to a live webcast of the conference call on Friday, December 6th at 8:00 a.m. ET with Victoria’s Secret & Co. executives. What:Victoria’s Secret & Co. Third Quarter 2024 Earnings Conference Call WebcastWhen:8:00 a.m. ET on Friday, December 6th, 2024Where:https:/ ...

When a retailer falls, it falls quickly. Lauren Sherman and Chantal Fernandez are co-authors of Selling Sexy: Victoria's Secret and the Unraveling of an American Icon. In this podcast, they join Motley Fool host Mary Long to talk about topics including: What Les Wexner understood about American consumers. The new competition for Victoria's Secret. Lessons for retailers from Abercrombie & Fitch. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started invest ...

It was in May 2023 that we last discussed Victoria's Secret (NYSE: VSCO ). We discussed the company's rise and fall at the time, as well as the reasons we believe VSCO has the potential Our mission is to help investors to grow their fortune and enjoy investing along the way. Our approach is investing in companies making a difference and creating phenomenon value for human societies. We hedge our portfolio with short positions on companies failing to take care of their customers and utilize resources economi ...